Job Market

Diversification Report

LinkUp publishes a quarterly Job Market Diversification Report assessing job market resilience using LinkUp’s extensive job listing data and exclusive statistical methodology. In Q3 we explored job market diversification in relation to real estate.




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Methodology

 
The Job Market Diversification Report provides a composite score measuring the variety of job opportunities within 150 Metropolitan Statistical Areas (MSAs) by industry, company and job category. Cities are scored on a scale out of a possible 160 points, with higher scores indicating more job market diversification.

Job diversification is measured across:



Number of industries
with job openings

Number of companies
with job openings

Number of job categories
with job openings


Q3 2018

REPORT PREVIEW:

Job Market Diversification and Real Estate 


In Q3 we explored our diversification scores in relation to real estate measures from Colliers International's Q3 U.S. Downtown Office Report. We found a strong relationship between the diversity of job listings in a Metropolitan Statistical Area (MSA) and its commercial real estate demand as measured by vacancy rate and absorption.







MOST DIVERSIFIED
JOB MARKETS
MSA
UNEMPLOYMENT
1  Salt Lake City, UT 3.2%
2  Louisville, KY 3.9  
3  Austin, TX 3.0  
4  San Francisco, CA 2.9  
5  Memphis, TN 4.1  



LEAST DIVERSIFIED
JOB MARKETS
MSA
UNEMPLOYMENT
46  St. Louis, MO 3.8%
47  Cleveland, OH 5.7  
48  Birmingham, AL 3.8  
49  Detroit, MI 4.6  
50  Las Vegas, NV 5.2  









MOST DIVERSIFIED
JOB MARKETS
MSA
UNEMPLOYMENT
1  Provo, UT 2.9%
2  Bridgeport, CT 5.0  
3  Springfield, MA 4.8  
4  Oxnard, CA 4.0  
5  New Haven, CT 5.0  



LEAST DIVERSIFIED
JOB MARKETS
MSA
UNEMPLOYMENT
46  Omaha, NE 3.1%
47  Winston-Salem, NC 4.3  
48  Allentown, PA 5.3  
49  Harrisburg, PA 4.4  
50  Columbia, SC 4.4  







LARGE MARKETS:


MOST DIVERSIFIED
JOB MARKETS
MSA
UNEMPLOYMENT
1  Santa Barbara, CA 4.8%
2  Santa Rosa, CA 3.0  
3  Beaumont, TX 6.8  
4  Savannah, GA 4.1  
5  Naples, FL 3.5  



LEAST DIVERSIFIED
JOB MARKETS
MSA
UNEMPLOYMENT
46  Fayetteville, AR 3.0%
47  Youngstown, OH 6.1  
48  Lexington, KY 3.7  
49  Ann Arbor, MI 3.6  
50  Springfield, MO 3.3  







Q3 2018 Job Market Diversification Scores

We found that job market diversification scores for two-thirds of the 150 markets measured decreased in Q3, likely a result of full employment.
 
 
 
MOST DIVERSIFIED
JOB MARKETS
MSA
Q3 2018 SCORE
1  Salt Lake City, UT 47.1
2  Buffalo, NY 46.5
3  Jacksonville, FL   45.5
4  Raleigh, NC 44.7
5  Austin, TX 44.7

 
LEAST DIVERSIFIED
JOB MARKETS
MSA
Q3 2018 SCORE
46  Cleveland, OH 33.8
47  Atlanta, GA 33.8
48  New York, NY 33.3
49  Chicago, IL 31.8
50  Detroit, MI 28.7

 

 Job Market Diversification Score By Population



 
To download the full report fill out the form at the top of the page, or view all previously published reports »



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